Draft Contract for Comment

Bonneville Power Administration

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• Publié par: Vuwyung
• Nombre de lectures: 15
• Langue: English

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DRAFT -- Bridge RPSA

Contract No. 08PB-«#####» SHORT-TERM BRIDGE Draft Template RESIDENTIAL PURCHASE AND SALE AGREEMENT executed by the BONNEVILLE POWER ADMINISTRATION and «FULL NAME OF CUSTOMER»  

  Table of Contents Section Page 1. Term .................................................................................................................. 2. Definitions ....................................................................................................... 3. Applicable PF Rate ........................................................................................ 4. Establishment of ASC to Activate Agreement ......................................... 5. Offer By«Customer Name»and Purchase By BPA ................................ 6. Offer By BPA and Purchase By«Customer Name»...............................  .. 7. In-Lieu Transactions ..................................................................................... 8. Billing and Payment ...................................................................................... 9. Accounting, Review, and Budgeting .......................................................... 10. Passthrough of Benefits ................................................................................ 11. Termination of Agreement ........................................................................... 12. Payment Balancing Account ....................................................................... 13. Notices .............................................................................................................. 14. Cost Recovery ................................................................................................. 15. Uncontrollable Forces ................................................................................... 16. Governing Law and Dispute Resolution ................................................... 17. Statutory Provisions ..................................................................................... 18. Standard Provisions ...................................................................................... 19. Notice Provided to Residential and Small Farm Consumers .............. 20. Adjustments to Monetary Benefits (IOUs only) ....................................... 20. Restriction on Right to Exchange Costs of Resources Acquired After September 30, 2006 (Publics only) ............................................................... 21. Signatures ........................................................................................................ Exhibit A (Residential Load Definition) Exhibit B (Load Factor Specification) Exhibit C (New Large Single Loads) Exhibit D (2008 Average System Cost Methodology) Exhibit E (Scheduling Provisions)

   

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   This RESIDENTIAL PURCHASE AND SALE AGREEMENT (Agreement) is executed by the UNITED STATES OF AMERICA, Department of Energy, acting by and through the BONNEVILLE POWER ADMINISTRATION (BPA), and«FULL NAME OF CUSTOMER»(«Customer Name»).     «Customer Nameis a »« ________under the laws of the State oforganized   » __ _ «___________». BPA and«Customer Name»are sometimes referred to in the singular as Party or in the plural as Parties.   RECITALS   The Northwest Power Act, amon other matters, rovides that a Pacific Northwest Regional electric utility may offer to sell electric power to BPA and BPA shall purchase such electric power at the average system cost (ASC) of that utilitys resources and that BPA shall sell in return an equivalent amount of electric power for resale to that utilitys residential and small farm users within the Pacific Northwest Region.    The Parties agree:   1. TERM    This Agreement takes effect on the date signed by the Parties and expires on Se tember 30, 2011. Performance b the Parties of their obligations under this Agreement shall commence on October 1, 2008.   2. DEFINITIONS  Capitalized terms in this Agreement shall have the meanings defined below. All other ca italized terms are defined in BPAs a licable Wholesale Power Rate Schedule(s), including the General Rate Schedule Provisions (GRSPs), or their successors.     (a) Appendix 1(04/03/08 Version)means the electronic form on which «Customer Name»re orts its Contract S stem Costs and other necessary data to BPA for the calculation of«Customer Name»s ASC, as may be amended or superseded in a revised ASC Methodology.    (b) Average System Cost means the rate charged by«Customer Name»to BPA for BPAs urchase of ower from«Customer Name»under section 5 c the of Northwest Power Act for each Exchange Period and is the quotient obtained by dividing Contract System Costs by Contract System Load.   (c) ASC Methodology means a methodology, as may be amended or superseded, used to determine ASC, as develo ed b BPA ursuant to section 5 c)(7) of the Northwest Power Act and attached to this Agreement for ease of reference onl as Exhibit D, 2008 Avera e S stem Cost Methodology, and such methodology is not incorporated as part of this Agreement.   (d) Contract S stem Costs means«Customer Name» roductions costs for and transmission resources, including power purchases and conservation measures, which costs are includable in and subject Appendix 1. Under no

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  (e)    (f)   (g)    (h)   (i)    (j)    (k)      (l)   (m) (n)     

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circumstances shall Contract System Costs include costs excluded from ASC by section 5(c)(7) of the Northwest Power Act. Contract S stem Load04/03/08 Versionmeans 1 the total Regional retail load included in the Form 1, or for a consumer-owned utility (preference customer), (2) the total Regional retail load from the most recent annual audited financial statement, as either may be adjusted pursuant to the ASC Methodology. Diurnal or Diurnally means the division of hours of the day between Heavy Load Hours (HLH) and Light Load Hours (LLH). Exchange Period(04/03/08 Version)means the period during which «Customer Name»ASC is effective for the calculation of benefits under thiss Agreement. Each Exchange Period shall be the period of time concurrent with the duration of each BPA rate period. The initial Exchange Period shall begin on October 1, 2008. Fiscal Year or FY means the period beginning each October 1 and ending the following September 30. Form 1(04/03/08 Version)means the annual filing submitted to the Federal Energy Regulatory Commission required by 18 CFR §141.1, or for a consumer-owned utilit , the most recent annual audited financial statement and other information required to be filed pursuant to the ASC Methodology. In-Lieu PF Power(04/03/08 Version)means firm power that is sold by BPA to«Customer Name»in an in-lieu transaction at the Priority Firm Power Exchange Rate, or its successor. In-Lieu Power(04/03/08 Version)means firm power acquired by BPA from a source(s) other than«Customer Name»at a cost less than«Customer Name» The the Northwest Power Act. in section 5 c 5 ofs ASC, as rovided provisions for acquisition and delivery of In-Lieu Power shall be provided in a policy developed by BPA after this Agreement is executed (In-Lieu Power Policy).   New Large Single Load means a large single load as defined in section 3(13) of the Northwest Power Act and in BPAs NLSL policy. Northwest Power Act means the Pacific Northwest Electric Power Planning and Conservation Act, P.L. 96-501, as ma be amended. Region   (09/04/07 Version)   means the Pacific Northwest as defined in the Northwest Power Act.

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  3.   4.

    5.

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(o) Regulatory Body means a state commission or consumer-owned utility overnin bod , or other entit authorized to establish retail electric rates in all or a portion of the utilitys service territory.   (p) Residential Load(04/03/08 Version)means the Regional residential load to which«Customer Name»sells power, as that residential load is defined in the Northwest Power Act and as further defined in Exhibit A, Residential Load Definition. (q) Residential Load Eli ible for Monetar Benefits means the monthl amounts of Residential Load determined pursuant to Exhibit A, Residential Load Definition, less:     (a) any amounts of Residential Load with respect to which BPA has issued a notice of the election, ursuant to section 7 b below, to acquire In-Lieu Power and«Customer Name»has elected to receive the In-Lieu PF Power pursuant to section 7(c) below; or   (b) any amounts of Residential Load pursuant to section 7(c) below.

    (r) Transmission Component of ASC means the portion of«Customer Name»s ASC attributable to transmission, as described in the In-Lieu Power Policy.   (s) Uncontrollable Forces shall have the meaning specified in section 15. APPLICABLE PF RATE Purchases from BPA under this A reement are sub ect to the Priorit Firm Power Exchange (PF Exchange) rate and applicable GRSPs, or their successors. Sections 6 and 7 of the body of this Agreement establish purchases subject to the PF Exchange rate schedule. ESTABLISHMENT OF ASC TO ACTIVATE AGREEMENT Following the execution of this Agreement,«Customer Name»may activate its artici ation under this A reement b filin an initial A endix 1. Once«Customer Name»files an initial Appendix 1,«Customer Name»shall continue to file a new Appendix 1 for each subsequent Exchange Period, unless«Customer Name»elects to terminate this A reement ursuant to section 11 below. U on filin an A endix 1, «Customer Name»for Residential Load on the later of theshall commence invoicing date of such filing or October 1, 2008.  

OFFER BY «Customer Name» AND PURCHASE BY BPA The offer and urchase transactions ursuant to this section 5 and section 6 below are (a) for the purpose of determining monetary benefits, if any, to be paid by BPA to «Customer Name» and (b) are deemed to be made contemporaneously. Sale transactions where BPA has ac uired In-Lieu Power instead of urchasin electric power offered by«Customer Name»pursuant to section 5, shall be determined in accordance with section 7.

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  6.

    7.  

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  Followin the filin of an A endix 1 under section 4 above,«Customer Name»shall offer and BPA shall purchase each month an amount of electric power equal to the Residential Load Eligible for Monetary Benefits.   The rate for such power sale to BPA shall be equal to«Customer Name»s ASC, as determined b BPA usin the ASC Methodolo .«Customer Name»ma onl sell power under this section 5 for Residential Load that«Customer Name»is authorized under State law or by order of the applicable State regulatory authority to serve. OFFER BY BPA AND PURCHASE BY«CUSTOMER NAME»   Simultaneous with the offer b«Customer Name»and urchase b BPA ursuant to section 5 above, BPA shall offer and«Customer Name»shall purchase each month an amount of electric power equal to the Residential Load Eligible for Monetary Benefits.   The rate for such ower sale to«Customer Name» rate.shall be BPAs PF Exchan e For billing purposes,«Customer Name»s load factor shall be determined pursuant to Exhibit B, Load Factor Specification.

IN-LIEU TRANSACTIONS (a) htBPAs Ri to In-Lieu Rather than purchase all or a portion of the electric power offered to BPA pursuant to section 5 by«Customer Name»at a rate equal to its ASC, BPA ma ac uire In-Lieu Power if the cost of such ower is less than«Customer Name» ASC that will  Thes ASC.be used for issuing an in-lieu notice shall be the ASC in effect on the date such notice is given.     (b)In-Lieu Notice(s) BPA shall provide«Customer Name»a minimum period advance written notice of its election to ac uire In-Lieu Power, and shall include in the notice the following information: the source(s) of In-Lieu Power, the amount of In-Lieu PF Power, the shape of In-Lieu Power, the cost of such In-Lieu Power, the term of the In-Lieu PF Power sale, and the point or points of delivery. Such minimum period shall be established by the In-Lieu Power Policy).   1 of In-Lieu PowerSource s    The sources of In-Lieu Power shall be defined in the In-Lieu Power Policy.   (2)Amount of In-Lieu PF Power The monthl amounts of In-Lieu PF Power shall be based on BPAs most recent forecast of«Customer Name»s Residential Load. «Customer Name»shall identify the portion of its Contract System Load, as described in the ASC Methodology that is Residential Load at

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(c)

(3)

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the time it files an Appendix 1 under this Agreement in the manner described in section 7 f below. BPA ma issue an in-lieu notice for all or a percentage portion of«Customer Name»s Residential Load.   Expected Costs of In-Lieu Power   BPA shall identif its ex ected costs of In-Lieu Power in the in-lieu notice. Such expected costs shall consist of BPAs forecast of the wholesale costs of su l in In-Lieu Power to the deliver oint in the amount and in the shape identified in the in-lieu notice. Such expected costs of the In-Lieu Power shall be developed in accordance with rocedures described in the In-Lieu Power Polic and shall include, but are not limited to: the cost of transmission and losses to inte rate the ower into the BPA s stem, to the extent the are incurred; the costs of the power shaped to meet a uniform percentage of Diurnally differentiated monthly amounts of Residential Load identified in the in-lieu notice; the costs of additional o eratin reserves if such reserves are necessary under Western System Coordinatin Council or its successor rocedures; the roduct of the Transmission Component of ASC multiplied by the amount of In-Lieu PF Power; and the costs that BPA incurs to deliver the In-Lieu PF Power to the point of delivery as described below. The ex ected cost of In-Lieu Power shall include the costs of delivering the power to«Customer Name» transmission cost or losses. Any incurred to deliver the In-Lieu Power directly to«Customer Name»   shall be treated as a cost to integrate the power into the BPA system. (4) of ualit the In-Lieu PF Power SaleTerm and The In-Lieu PF Power will be firm power offered by BPA for a period of one or more Fiscal Years. BPA may issue multiple in-lieu notices. «Customer Name»Election to Either Receive In-Lieu PF Power or Reduce ASC Within a minimum period established by the In-Lieu Power Policy (but in no event less than 15 da s followin the recei t of BPAs notice to ac uire In-Lieu Power pursuant to section 7(b) above,«Customer Name»shall provide BPA written notice of its election to either receive and pay for all or a ortion of the In-Lieu PF Power or to not receive In-Lieu PF Power and instead reduce its ASC for all or a portion of the In-Lieu Power to the ex ected cost of the In-Lieu Power. If«Customer Name»elects to reduce   its ASC to the expected cost of the In-Lieu Power, and the expected cost of such In-Lieu Power is less than the PF Exchange Rate, then«Customer Name»   ma sus end its sale and urchase under sections 5 and 6 of this a reement for all or a portion of the amount of Residential Load that BPA proposes to serve with In-Lieu PF Power, for the duration of time s ecified in the In-Lieu notice.«Customer Name»s election under this section shall be based on all or a percentage portion of«Customer Name»s Residential Load that BPA has specified in its in-lieu notice. Amounts suspended under this section 7(c)

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  8.  

(d)

  (e)   (f)

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shall not be added to«Customer Name»s balancing account under section 12.   If«Customer Name» of its election under this section, thenfails to notif BPA «Customer Name»shall be deemed to have agreed not to receive In-Lieu PF Power and instead reduce its ASC for all of the In-Lieu Power to the expected cost of the In-Lieu Power. Deliver of and Pa ment for In-Lieu PF Power   In-Lieu PF Power shall be delivered to the transmission system connected to «Customer Name» stem.s distribution s«Customer Name»shall a BPA for In-Lieu PF Power made available for delivery at the PF Exchange Rate. For any month that«Customer Name»pays BPA for such In-Lieu PF Power, BPA shall a to«Customer Name» roduct of the ual to thean amount e Transmission Component of ASC multiplied by the amount of such In-Lieu PF Power. Schedulin of In-Lieu PF Power All In-Lieu PF Power deliveries shall be scheduled.«Customer Name»shall preschedule In-Lieu PF Power in accordance with the provisions described in Exhibit E,   Scheduling Provisions. Sha in of In-Lieu PF Power   In-Lieu PF Power will be delivered in monthly amounts shaped to«Customer Name»s monthly Residential Load (e.g., if«Customer Name»s January Residential Load is 12 ercent of its annual Residential Load, In-Lieu PF Power deliveries for January will be 12 percent of annual In-Lieu PF Power deliveries . Such monthl amounts shall be based on data used b«Customer Name»to establish its then-current rates, and shall be supplied to BPA with its forecast of Residential Load.«Customer Name»shall supply a monthly forecast of Residential Load, and the diurnal amounts of Residential Load when it files its Appendix 1. Deliveries within each month will be in equal hourl amounts durin each HLH and in e ual hourl amounts durin each LLH, for each monthly period based on the load shape data in«Customer Name» BPA does not have, or is not Ifs forecast of Residential Load. rovided ade uate load sha e data, BPA will determine the load sha e of the In-Lieu PF Power based on the average load shape of its preference customer class. Ade uatel documented load sha e data shall include, but not be limited to, data that are verifiable through published sources. The load shape established for each notice will continue for the duration of the In-Lieu PF Power transaction. BILLING AND PAYMENT (a)«Customer Name»shall submit to BPA each month an accounting invoice that documents the amount of Residential Load Eli ible for Monetar Benefits. Such documentation shall include the kilowatt-hours of energy which«Customer Name»billed to the Residential Load Eli ible for Monetary Benefits. Although subject to adjustment pursuant to section 9 below, this amount shall be deemed to be equal to the amount of Residential Load Eligible for Monetary Benefits.

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    (b)

 

  (c)

  (d)

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  The monthl amounts of In-Lieu PF Power billed under this A reement shall be the monthly amounts specified in the in-lieu notice and made available for delivery.

Billin Within 30 days following the receipt of each monthly invoice from«Customer Name» thesection 9 below, BPA shall verifsub ect to  the ute invoice, com net amount due«Customer Name»from the sale under section 5 and the amount due BPA from the sale under section 6, compute the amount, if any, due BPA for a sale of In-Lieu PF Power under section 7, as ma be ad usted pursuant to section 21,and either pay or bill«Customer Name»for the difference, as appropriate. BPA may send«Customer Name»an estimated bill followed by a final bill if amounts are due BPA for a month. BPA shall send all bills on their issue date either electronically or by mail, at«Customer Name»s option. If electronic transmittal of the entire bill is not ractical, BPA shall transmit a summary electronically, and send the entire bill by mail.   Payment Payment must be received by the 20 th day after the issue date of the bill where«Customer Name» Pa ment must be received Due Date . a s BPA within 30 days following receipt of each monthly invoice pursuant to section 8(a) above where BPA pays«Customer Name» the If(Due Date). 20 th day is a Saturday, Sunday, or Federal holiday, the Due Date is the next business day. After the Due Date, a late payment charge shall be applied each da to an un aid balance. The late a ment char e is calculated by dividing the Prime Rate for Large Banks as reported in the Wall Street Journal, plus 4 percent; by 365. The applicable Prime Rate for Large Banks shall be the rate reported on the first day of the month in which payment is received. «Customer Name»shall pay by electronic funds transfer using BPAs established rocedures. BPA shall a b electronic funds transfer using«Customer Name»s established procedures. Disputed Bills   In case of a billing dispute,«Customer Name»shall note the disputed amount and a its bill in full b the Due Date. Un aid bills includin both disputed and undisputed amounts) are subject to late payment charges provided above. If«Customer Name» ais entitled to a refund or additional for ment any portion of the disputed amount, then BPA shall make such refund or provide such additional payment with a simple interest computed from the date of recei t of the dis uted a ment to the date the refund or additional payment is made. The daily interest rate used to determine the interest is calculated b dividin the Prime Rate for Lar e Banks as re orted in the Wall Street Journal; by 365. The applicable Prime Rate for Large Banks shall be the rate reported on the first day of the month in which payment is received by BPA.

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  9.  

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  (e) BPA ma re uire that«Customer Name» with commerciall BPAsu l reasonable credit information. In the event that«Customer Name»does not satisfy BPAs credit test based on the information provided, BPA may, at its option, require«Customer Name»to deposit payments received from BPA   into an escrow account. ACCOUNTING, REVIEW, AND BUDGETING «Customer Name»shall keep up-to-date records, accounts, and related documents that pertain to this Agreement. These records, accounts, and documents shall contain information that supports: (a)«Customer Name»s ASC as determined pursuant to the ASC Methodology; ;   (b) identification of the consumers that comprise«Customer Name»s Residential Load;     (c) the amount of Residential Load Eligible for Monetary Benefits invoiced to BPA; and   (d) evidence that the benefits received b«Customer Name»have been assed through to consumers that comprise«Customer Name»s Residential Load Eligible for Monetary Benefits, as provided for in section 10 below..   At BPAs expense, BPA or its agent may, from time-to-time, review or inspect «Customer Name» thiss records, accounts, and related documents ertainin to Agreement. BPAs agent shall be subject to approval by«Customer Name»; such approval shall not be unreasonably withheld.«Customer Name»shall fully cooperate in good faith with any such reviews or inspections. BPA retains the right to take action consistent with the results of such reviews or inspections to require the passthrough of such benefits to Residential Load Eligible for Monetary Benefits.   BPAs right to review or inspect«Customer Name»records, accounts, and related documents pertaining to this Agreement for any year shall expire 60 months after the end of such year. As long as BPA has such right to review or inspect,«Customer Name»agrees to maintain such records, accounts, and related documents.   If BPA determines that«Customer Name»has received monetary benefits for ineligible load or other errors in implementing this Agreement that result in an overpayment, then any such overpayment shall be returned to BPA within 30 days of BPAs determination, or BPA ma ad ust future monetar benefit a ments to «Customer Name» BPA determines that. If«Customer Name»has not received monetary benefits due to«Customer Name»s failure to submit eligible Residential Load or other errors in implementing this Agreement that result in an underpayment, then BPA shall pay«Customer Name»such monetary benefits within 30 da s of BPAs determination that such benefits were not received. In the event«Customer Name»disputes BPAs determination,«Customer Name»shall note the dispute and return any amount of overpayment identified by BPA within

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  30 days of BPAs written notice of such determination. Such dispute shall be subject to resolution in the same manner as a disputed bill under section 8(d) above.     [Note: Parties to compare section language with Passthrough language in the Settlement Agreements.]   10. PASSTHROUGH OF BENEFITS   (a) Except as otherwise provided in this Agreement, all benefit amounts received byCustomer Name»from BPA under this Agreement shall be passed « throu h to residential and small farm customers as either: 1 a se arately stated credit to applicable retail rates; (2) monetary payments; or (3) as otherwise directed by the applicable Regulatory Body(s).   (b) Benefits shall be passed through by«Customer Name»in a timely manner, as set forth in this section 10 brovided, that, ed acknowled ecificallit is s and agreed that distributions of benefits for the Residential Load may be made b«Customer Name»in advance of its recei t of an such benefits from BPA and that such benefits may be used to set off distributions to the Residential Load made by«Customer Name»before or after October 1, 2008. The amount of benefits held in the account described in section 10 c below at any time shall not exceed the expected receipt of monetary payments from BPA under this A reement over the next 180 da s,rovided, however, that if the amount of benefits held in the account is less than $1,000,000, then «Customer Name»may distribute benefits on a less frequent basis, provided that distributions are made at least once each Fiscal Year.   (c) Benefits shall be assed throu h consistent with rocedures develo ed b «Customer Name» Untils Regulatory Body(s).«Customer Name»has passed through such benefits pursuant to section 10(a) above, benefits shall be identified on«Customer Name»s books of account and shall accrue interest at the rate(s) established by«Customer Name»s Regulatory Body(s).   (d) Nothing in this Agreement shall require that any power provided pursuant to section 7 be delivered on an unbundled basis to residential and small farm customers of«Customer Name»or that«Customer Name»provide retail wheeling of such power.

      11.

TERMINATION OF AGREEMENT (a) «Customer Name»may elect to terminate this Agreement within 30 days of confirmation and a roval b the Federal Ener Re ulator Commission of new BPA rates (on the earlier of an interim basis, or if interim approval is not granted, on a final basis) in which the supplemental rate charge provided for in section 7(b)(3) of the Northwest Power Act is applied and the PF Exchange rate charged«Customer Name»exceeds«Customer Name»s ASC.

 

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12.  

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In the event a court of competent jurisdiction remands to BPA the Priority Firm Power PF Exchan e Rate relied u on b«Customer Name»to rovide a notice of termination of this Agreement, and BPA amends such rate upon remand such that«Customer Name»not have given a notice ofwould termination under such rate, the termination is rescinded and the parties shall be placed in the position of the notice never having been given. Similarl , in the event a court of com etent urisdiction remands to BPA the Priority Firm Power (PF) Exchange Rate relied upon by«Customer Name»in failing to provide a notice of termination, and BPA amends such rate upon remand such that«Customer Name»would have given a notice of termination under such rate, the termination shall be effective at the time the earlier termination notice would have taken effect.   (b) «Customer Name»may elect to terminate this Agreement within 6 months of confirmation and approval by the Federal Energy Regulatory Commission of a new or amended ASC methodology (on an interim basis, or if interim a roval is not ranted, on a final basis under which«Customer Names   » initial ASC calculated under such ASC methodology falls below BPAs PF Exchange rate applicable to the initial Exchange Period under the new or amended ASC methodology. Such termination shall be effective retroactively to the beginning of the initial Exchange Period under the new or amended ASC methodology.   (c) After termination,«Customer Name»shall not participate in the Residential Exchange Program established in section 5(c) of the Northwest Power Act until«Customer Name»to sell electric power to the Administrator atoffers the avera e s stem cost of«Customer Names»resources pursuant to section 5(c) of the Act.   PAYMENT BALANCING ACCOUNT (a) Balancin Account BA The account balance, if any, is deemed to be $«___»on October 1, 2008, sub ect to the resolution of an dis utes re ardin such balance. This account balance includes an adjustment for changes in the Western Region Consumer Price Index (all items) (CPI) applied to such balance beginning in October 1, 2008, and continuin until such time as the BA balance is reduced to zero, based on the methodology described below. BPA shall adjust such balance monthl effective October 1, 2008, to reflect actual monthl chan es in the CPI. This account balance (BA_B), if any, comprises the beginning balance for a balancing account described in this section.   As long as the BA_B is greater than zero, such balance shall be adjusted monthl b the chan e in the Consumer Price Index value for that month relative to the CPI value for the previous month as follows. For the current month (m)   BA adjustment +1 = {CPI m /CPI m-1 -1 }*BA B m _ m  

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